Several gaming records to come in Macau
“We believe March marks the first of potentially six all-time monthly gross gaming revenue records we should see in 2013,” David Bain wrote in a note.
Sterne Agee’s 2013 gross gaming revenue growth estimate goes between 15 to 16 %. “We are forecasting April gross gaming revenue at us$ 3.49 billion, or an increase of 13.8 %,” Bain added.
Wells Fargo’s analyst Cameron McKnight is also expecting gaming revenue growth to continue to accelerate through the year, given an improving China macro environment likely starting in March as Chinese New Year’s impact ends, additional infrastructure, hotel and table supply; and comparisons, which continue to ease through the third quarter of 2013.
Union Gaming Research Macau’s analyst Grant Govertsen said March’s results set the tone for what should be continued strong gaming volume for the remainder of 2013. Nonetheless, Govertsen has maintained his full year gross gaming revenue growth estimate of approximately 16 %.
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